Table 3.1
-Table 3.1 illustrates Willy and Blythe's hourly production for apples and carrots. Based on the table, Willy's opportunity cost of 1 carrot is:

Name: Table 3.1 -Table 3.1 illustrates Willy and Blythe's hourly production for apples and carrots. Based on the table, Willy's opportunity cost of 1 carrot is:
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Question

Quizplus · Accepted Answer

Willy can produce 6 apples or 4 carrots per hour. So, the opportunity cost of 1 carrot is 6 apples / 4 carrots = 1.5 apples.

Table 3.1 -Table 3.1 Illustrates Willy and Blythe's Hourly Production for Apples